Commerce Ministry urged to ease non-basmati rice exports ban

Rice exporters have approached the commerce ministry over the ban on the export of non-basmati rice, saying that many of them have letters of credit from foreign buyers and if they do not fulfil the contracts, they could face international arbitration. Failing to fulfil export commitments could also hurt India’s image in the global markets, […]

“Indian exports may take a bigger hit than exports from other competing countries to the EU because of India’s higher deforestation rate,” the report said, adding India’s exports will also be affected by the complex compliance requirements of the EUDR and the EU’s Foreign Subsidies Regulation (FSR).

A TOI report on Monday showed that this $1 difference in the MIP could lead to a significant bump in the shipment of popular brands like Johnnie Walker Black Label and Chivas Regal into India. Domestic players are of the opinion that India should agree to an MIP of $4 a bottle, instead of $5 […]

Manipur is famous for fabrics like moiraingphee, leirum, lasingphee and phanek, which have good demand in the US, Europe and Singapore.

The finance, commerce and industry ministries have firmed up the contours of Development of Enterprise and Service Hubs, or DESH, which could allow companies to defer their import duty liabilities, among other concessions, officials privy to the deliberations told ET.

India is hoping to conclude free trade agreements (FTA) with Canada, UK and European Union (EU) in the next few months to revive and promote exports, according to Commerce and Industry Minister Piyush Goyal. He urged manufacturers to focus on quality and sustainable manufacturing processes to capitalize on business opportunities in the developed world.

​​While the Government of India is still grappling with this new legislation — a bolt from the blue when New Delhi is engaging with the 27-nation bloc to craft a favourable free trade agreement (FTA) — Indian exporters will have to bear the brunt of it, especially those shipping commodities such as coffee, leather hide, […]

The government has been actively working towards building community-centric, grassroots level solutions. These efforts are slowly coming to fruition now. The government has been working towards mobilising the farmers to form farmer cooperatives and farmer producer organisations (FPOs) across the state and over 350 such collectives have been formed in the last 3 years.

India and the UK are close to wrapping up negotiations on a proposed free trade agreement (FTA), with the remaining issues largely relating to intellectual property rights, rules of origin and investment treaty, according to a senior government official. The UK will be the first developed country with which India has such a comprehensive FTA.

“Export of de-oiled rice bran under ITC HS code 2306 and under any other HS code is prohibited until November 30, 2013,” the DGFT said in a notification. India is a leading exporter of deoiled rice bran, which is used in the cattle feed industry.